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Problem 13 Intro The University of California has two bonds outstanding. Both issues have the same credit rating, a face value of $1,000 and a
Problem 13 Intro The University of California has two bonds outstanding. Both issues have the same credit rating, a face value of $1,000 and a coupon rate of 3%. Coupons are paid twice a year. Bond A matures in 1 year, while bond B matures in 30 years. The market interest rate for similar bonds is 12%. | Attempt 2/5 for 8 pts. Part 1 What is the price of bond A? 0+ decimals Submit
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